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FILE - In this March 17, 2021, file photo, Education Secretary Miguel Cardona speaks during a press briefing at the White House in Washington. (AP Photo / Andrew Harnik, File)

The Biden administration is erasing more than $55 million in debt for former students of Westwood College, the Marinello Schools of Beauty and the Court Reporting Institute. All three chains have been closed for years after facing accusations of fraud and deception in their advertising.

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The electric vehicle industry has been touted as a way to reduce dependence on foreign oil, create jobs, and save the environment. But an Indiana company that promised a plug-in hybrid van with 100 miles to the gallon just closed its doors. Elizabeth Brackett tells us why.